Gstaad real estate: New record prices for luxury properties

The winter sports region of Gstaad, in the area of Switzerland known as Bernese Oberland, is one of the most popular destinations for international buyers. Property buyers are particularly drawn by the authentic Alpine charm of this exclusive ski resort. “There is a considerable surplus in demand for residential real estate in prime locations. So ongoing price rises can be expected in the future too,” said Antonia Crespí, Managing Partner of Engel & Völkers Gstaad.

Hamburg - Engel & Völkers Gstaad has recorded record prices of up to CHF 60,000 for exclusive villas and luxurious chalets. Read our market insights! (Image source: Engel & Völkers Gstaad)

Sustained price trend for luxury real estate in Gstaad

Oberbort and Wispile are among the most sought-after locations in Gstaad. In 2018, Engel & Völkers recorded prices of up to 90 million Swiss francs (approx. 79.4 million euros) for exclusive chalets and villas. Premium freehold apartments reached top prices per square metre of up to 60,000 Swiss francs (approx. 53,000 euros). Due to the limited number of properties coming onto the real estate market in Gstaad, surrounding municipalities including Bissen, Saanen and Rougement are becoming increasingly attractive. Last year, freehold apartments here fetched prices per square metre of up to 38,000 Swiss francs (approx. 33,500 euros).

International buyers dominate Gstaad’s real estate market 

Demand on the property market in Gstaad remains high. Around 80 percent of buyers come from abroad. These clients are investing in properties they can use as second homes or capital investments. “Thanks to the well-established infrastructure, there is excellent potential to let holiday properties in Gstaad throughout the year. This makes them a highly desirable investment with high value retention,” said Antonia Crespí.

Outlook: upward trend set to continue

In 2019, Engel & Völkers expects prices to rise further in almost all locations. In addition to the centre of Gstaad, the municipality of Saanen is also becoming increasingly popular for buyers. Growing numbers of young clients from abroad are investing here in particular in holiday properties and second homes.

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